openPR Logo
Press release

Hybrid Cars Market by Regional Analysis, Key Players and Forecast 2024

09-12-2017 12:12 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy & Mining

Hybrid Cars Market by Regional Analysis, Key Players

The global hybrid cars market is characterized by the prevalence of intense competition among the prominent vendors such as Volkswagen, BMW, Honda, Nissan, Ford, Hyundai, General Motors, and Toyota. A report by Transparency Market Research (TMR) estimates that this competition is further going to be magnified owing to the innovations by the leading market vendors. The companies are constantly trying to launch new products in manner to lead the competition. It is expected that companies with global presence and huge product portfolio will dominate the market in the coming future.

Browse Market Research Report: http://www.transparencymarketresearch.com/hybrid-cars-market.html

In the report, Transparency Market Research has estimated that the market will attain value of US$398.90 bn by 2024, and it was valued at US$102.88 bn in 2015. During the forecast period of 2016-2024, the global market for hybrid cars is expected to expand at a rising CAGR of 16.50%.

In 2015, Asia Pacific dominated the market and accounted for 70% of the global market. The increasing awareness among the consumers, especially in Japan and China is expected to help Asia-Pacific sustain it lead over the forecast period. Among series parallel hybrid cars, plug-in hybrid, parallel hybrid, and series hybrid; series parallel hybrid cars are expected to experience high demand and drive the global market.

Government Support for Low-Carbon Emitting Vehicles to Assist Market Growth

Consumers are adopting carbon-free products due to the alarming rise in the level of air pollution, which is continuously increasing the global temperature. Hybrid cars use electricity for their functioning instead of gasoline or diesel, helping to control carbon emission. This augmenting ecological awareness among consumers is expected to fuel the growth of the global market of hybrid cars.

Get TOC Of This Report @ http://www.transparencymarketresearch.com/report-toc/250

Furthermore, governments in various countries have implemented strict rules to curb carbon emissions, which is motivating manufacturers to increase investment in the production of hybrid cars. Some governments are also providing various subsidies and incentives to buyers of hybrid cars, which is expected to fuel the demand for hybrid vehicles. For instance, for new passenger cars, the European Union norms of 2009 has set CO? emission level at 130g/km. The Euro VI norm introduced in 2014, suggests new cars to keep the nitrogen oxide emission below 0.4g/kWh and other emissions below 0.01g/kWh. Analysts forecast that the countries such as Brazil, Russia, Mexico, and Australia will also implement stringent emission standards in the near future, which is most likely to increase the global sale of hybrid cars.

High Cost of Hybrid Cars could Hamper Global Market Growth

Hybrid cars are very expensive, which may hinder the growth of the market during the forecast period. Furthermore, electric cars are suspected to be the direct competitor of hybrid cars. Easy availability of electric cars may act as a restraint for the growth of the global market of hybrid cars. Nevertheless, the implementation of stringent emission standards is expected to be in the favor of hybrid cars, which is expected to result in growth of hybrid cars global market. The hybrid cars are made up of lighter materials and have lighter engines, which make the car lighter, hence use less power for their functioning. As more consumers are adopting hybrid cars, these cars are started commanding higher resale values that traditional cars. This is motivating consumers to buy hybrid cars over traditional cars. The leading companies in this market are continuously spending on research and development practices of hybrid cars. These developments are expected to add an advantage for the growth of this market over the forecast period.

Get accurate market forecast and analysis on the Hybrid Cars market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=250

This information is taken from the report published by Transparency Market Research, “Hybrid Cars Market (Type - Series, Parallel, Plug-in, and Series-Parallel; Energy Source - ICE Hybrid, Fuel Cell Hybrid, Solar Hybrid, and Natural Gas Hybrid; Vehicle Type - Passenger Cars and Commercial Cars) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hybrid Cars Market by Regional Analysis, Key Players and Forecast 2024 here

News-ID: 711024 • Views: 236

More Releases from Transparency Market Research-Energy & Mining

Dynamic Voltage Restorer Market - Financial Status over Forecast Period 2014-202 …
Global Dynamic Voltage Restorer Market: Overview With the ever-increasing demand for power, industries are increasingly deploying systems that ensure uninterrupted generation, transmission, and distribution of power to minimize their losses in terms of revenue, resources, and productivity. This is positively influencing the growth of the global dynamic voltage restorer market. Dynamic voltage restorers are principally accountable for offering reliable and cost effective protection against power fluctuations. They allow consumers to isolate
Gas to Liquids (GTL) Market - Get Facts About Business Strategies 2016-2024
Global Gas to Liquids Market: Overview Gas-to-liquids (GTL) involves converting natural gas into high-quality liquid fuels, which are traditionally obtained from crude oil. At present, the ever-increasing demand for energy and the growing world population has necessitated the development of alternate energy sources to ease the burden on conventional sources. With the rising environmental considerations of conventional sources of energy, clean sources of energy are needed for reduced carbon footprint.
Landfill Gas Market - Research report 2014 : 2020
Global Landfill Gas Market: Overview Landfill gas (LFG) can be utilized for energy generation and to reduce methane emissions in the atmosphere to translate into positive outcomes for local communities. Landfill gas is obtained as a natural byproduct of microbial decomposition of organic matter in landfills. Landfill gas consists almost 50% methane, 50% percent carbon dioxide and a small percentage of complex organic compounds and other compounds. Landfill gas is utilizable for
Copper Indium Gallium Selenide (CIGS) Solar Cells Market - Global Industry Analy …
CIGS (Copper indium gallium selenide) is a semiconductor with direct bandgap which is used for solar cells manufacturing. The absorber of CIGS is placed on a glass or plastic backing, together with electrodes on back and front for current collection. Since the material powerfully absorbs sunlight and has a higher absorption coefficient, comparatively as compared to other semiconductor material, a thin film is required. The devices which are prepared with

All 5 Releases